⏱ 2 min read
Kris Roglieri, 46, of Queensbury, New York, was sentenced to 97 months in prison for a massive wire fraud scheme that bilked victims out of tens of millions of dollars. Roglieri, CEO of Prime Capital Ventures, promised clients large commercial loans but used their money for himself.
Between mid-2022 and January 2024, Roglieri and his co-conspirators deceived clients into sending Prime Capital tens of millions of dollars in payments based on false promises. The money was used to repay or fund prior clients and buy luxury items for Roglieri, including private jets, jewelry, and high-end cars.
United States District Judge Mae A. D’Agostino also ordered a 3-year term of supervised release and forfeiture of $55.4 million, 12 vehicles, 8 watches, a Virginia Beach mansion, and other property.
First Assistant U.S. Attorney John A. Sarcone III said Roglieri callously deceived victims across the country.
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📋 Key Facts
- Crime: White Collar Crime
- Defendant: New York
- Location: NY
- Source: DOJ Press Release
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